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Businesses that require urgent access to funding to stay afloat during the Covid-19 outbreak can take up pre-approved loans of up to S$200,000 ($140,000) and only service the interest until December 31. UOB has announced collateral-free loans to help small…
The board has also recommended a final dividend of 55 cents and a special dividend of 20 cents per ordinary share. UOB deputy chairman and CEO Wee Ee Cheong received $10.75 million ($7.53 million) in 2019, an increase of 1.8 percent from last year, the bank…
United Overseas Bank has confirmed a case of Covid-19 at Tower 2 of its UOB Plaza headquarters in Singapore. The employee who tested positive for the coronavirus works in a non-customer facing role and was last in the office on 16 March, the bank said in a…
UOB Malaysia on Friday announced immediate liquidity relief assistance for customers affected by COVID-19, as the government activated the army to enforce its restricted movement order. Two days after the Malaysian government enforced a Movement Control Order…
United Overseas Bank and Prudential Singapore launched a financial solution for women in Singapore that combines a savings account with complementary medical insurance for six female-related cancers. United Overseas Bank (UOB) designed a solution for women…
The bank’s total income for 2019 grows 10 percent to cross $10 billion, led by healthy client franchise growth and stronger trading and investment income. It is recommending a full-year dividend of S$1.30 per ordinary share. UOB achieved record net earnings…
United Overseas Bank (UOB) announced the launch of Hangout@UOB, a new branch concept designed and managed by Singapore Polytechnic students. A four-week design process of the branch enabled interior design and architecture students to put into practice the…
The funds will be invested into the Stellar Network, the blockchain technology underlying Lightnet’s platform, as well as to build a «next-generation financial mobility network.» Bangkok-based fintech Lightnet has raised $31.2 million in a Series A funding…
United Overseas Bank Limited (UOB) announced that its investment management subsidiaries are now signatories of the United Nations (UN)-supported Principles for Responsible Investment (PRI), signaling its commitment to responsible investing. UOB Asset…
United Overseas Bank is buying more shares in troubled Chinese mid-sized lender Hengfeng Bank with a subscription of 1.86 billion shares for a sum of 1.86 billion yuan (S$360.4 million). The purchase comes as part of a capital-increase exercise undertaken by…
HSBC Private Bank appointed four senior executives to strengthen the key areas of family advisory services and philanthropy within the Private Wealth Solutions business in Asia Pacific. As part of its push to grow its private banking business in the Asia…
UOB Asset Management will acquire VAM Vietnam Fund Management Joint Stock Company, pending regulatory approval. UOB Asset Management has agreed to initially acquire 1.13 million ordinary shares from VAM Vietnam Fund Management Joint Stock Company from…
UOB is pushing solar power usage by offering various financing solutions linked to solar-powered equipment for both business owners and individuals. Businesses and individuals in Singapore seeking to adopt solar energy can choose from the bank’s three…
UOB leverages artificial intelligence to launch what it claims to be an industry-first financial planning solution. The bank launched «Mighty Insights» to better track customers’ savings and expenses in order to improve financial planning. The new solution…
UOB attempts to help businesses accelerate payment collection and improve cash flow through its new QR-based solution. The bank launched the QR solution mCollect which allows businesses to collect payments from buyers through fund transfer service PayNow at…
United Overseas Bank (UOB) on Tuesday launched U-Solar, the first solar industry ecosystem in Asia to power the development and adoption of renewable energy across Southeast Asia. Through U-Solar, the bank connects businesses and consumers in order to aid…
